December 2016 - Getting Serious About Diversity

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ANALYTICS
Zillow Home Value Index*
State Median Home Value
California 472,100
Texas 160,200
New York 267,600
Florida 194,200
Illinois 164,100
Pennsylvania 155,500
Ohio 122,900
Michigan 126,800
Georgia 149,900
North Carolina 154,800
New Jersey 294,100
Virginia 236,700
Washington 308,000
Massachusetts 354,000
Indiana 117,000
Arizona 211,600
Tennessee 136,200
Missouri 136,900
Maryland 262,200
Wisconsin 159,500
Minnesota 195,900
Colorado 310,800
Alabama 122,300
South Carolina 139,500
Kentucky 131,300
Oregon 287,500
Oklahoma 114,000
Connecticut 241,400
Iowa 124,800
Mississippi 114,400
Arkansas 115,300
Kansas 121,600
Utah 233,200
Nevada 221,900
New Mexico 164,100
West Virginia 101,400
Nebraska 141,600
Idaho 178,500
Hawaii 571,500
Maine 138,200
New Hampshire 232,300
Rhode Island 241,400
Montana 194,100
Delaware 211,700
South Dakota 175,400
Alaska 266,900
North Dakota 202,100
Vermont 213,800
District of Columbia 518,700
Wyoming 194,600
* Median home values based on estimated sale price. Zillow Home Value Index Source: Zillow September Real Estate Market Report
It's Not Just in the
Eye of the Beholder
Home values posted their fastest annual
appreciation in more than two years.
U.S. home values leapt up by 5.5 percent since last September, reflecting the
fastest rise in appreciation in more than two years, according to Zillow.
According to the company's most recent Real Estate Market Report, there were
6 percent fewer homes up for grabs than there were a year ago. This comes as a
result of steady declines in housing inventory and increased demand in the housing
market. Zillow found a median home value of $189,400.
"Increasingly strong demand has been contributing to dwindling inventory stocks
across the nation," Dr. Svenja Gudell, Chief Economist for Zillow, said. "Healthy de
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mand for for-sale homes amidst low inventory has been driving the market."
This is "another sign that the housing market is recovering nicely," Gudell added.
According to Zillow, bidding wars are also on the rise as homebuyers scramble to
lock down competitive home purchases.
"Buyers in the nation's fastest moving markets can expect the search process to
last a few months, as market conditions are often extremely competitive with homes
selling for above asking price and receiving multiple offers," Gudell said. "It's defi
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nitely a seller's market right now, with some homes being more expensive than ever."
AROUND THE U.S.